Forecast Update 2022-2028
IFA Comment – Makes interesting reading. All looks relatively flat for next 7 years
European Flight Movement and Service Units
After COVID-19, Russian invasion of Ukraine and Europe’s energy crisis.
THIS 7-YEAR FORECAST COVERS 2022-2028 PERIOD
The October 2022 forecast takes into account the following updated inputs:
Traffic trends up to August 2022:
Airlines, airports and States are recovering from the COVID-19 pandemic. Strong summer in most of the European States but the network is still impacted by the Russian invasion of Ukraine.
Economic growth:
Latest revision of the economic forecast (Oxford Economics, August 2022 release).
Routings:
No return to “normal” routing (prior closure of Ukrainian and Russian airspaces) by the end of the seven-year horizon.
Scenarios:
Three scenarios accounting for the impact of the war in Ukraine, the pressure on energy prices and the COVID-19 recovery.
